Chicago billionaire Penny Pritzker sailed toward confirmation as U.S. Commerce secretary after satisfying some critics over her offshore investments and role in a bank’s collapse during testimony at a Senate committee.
Chicago billionaire Penny Pritzker probably will be confirmed as U.S. Commerce secretary, Senator John Thune of South Dakota, top Republican on the Senate Commerce panel, said today after she testified at a hearing.
Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell reported their net worth in the millions of dollars as the U.S. Senate released personal financial disclosure reports for its members.
Republicans defended Mitt Romney against criticism from Democrats that he avoided taxes by keeping money stashed overseas. Those roles are now reversed with the disclosure that President Barack Obama’s pick to run the Commerce Department does the same thing.
Allies of President Barack Obama are warning the administration that it has been too slow in responding to a cascading set of scandals and risks letting Republicans define his second term and derail his agenda.
The widening inquiries into the Internal Revenue Service are focusing less on why employees singled out small-government groups for scrutiny and more on agency executives who didn’t inform Congress earlier.
The U.S. Senate voted to let states require out-of-state Internet retailers and catalog companies to collect sales taxes, a victory for brick-and-mortar businesses that have been lobbying on the proposal for more than a decade.
Two U.S. senators introduced a bill today to let the Federal Aviation Administration use airport- improvement funds to pay air-traffic controllers, as efforts accelerated to end flight delays caused by forced budget cuts.